An applicant completes the application and submits it to the insurer along with a premium check. When is the applicant's offer considered accepted?

When the insurer issues a policy

Explanation:

Every insurance company has different policies and different requirements for a person to be applicable to insurance. The basic procedure for an applicant to apply for an insurance company is the applicant completing a form in the type of insurance he/she is interested in. Along with the application, a premium check is to be submitted. After this step, the applicant has to wait until the insurer issues a policy if the application is considered.